Ballantine Venture Capital recently conducted a survey regarding the success rates of start-up businesses across four industries.A sample of 200 start-ups was selected from each of the industries and the success rate in each sample was determined.The success rates in the samples from the four industries were 0.64, 0.72,, 0.68; and 0.56, respectively. At a 5% significance level, you use the chi-square distribution to test the hypothesis that success rate is the same for all four start-up categories.The p-value for the sample result turns out to be .0064.What should you conclude?
A) The test provides strong evidence that each of the four industries has a different success rate.
B) The test provides strong evidence that the proportion of successful start-ups is the same in two of the four industries.
C) The test provides strong evidence that the proportion of successful start-ups is the same in all four industries.
D) The test provides strong evidence that the proportion of successful start-ups is not the same in all four industries.
Correct Answer:
Verified
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